In its monthly bulletin on the fuel and LPG market, the Regulatory Authority for Energy Services (ERSE) states that, in November, the average retail price (PVP) of simple gasoline 95 increased to 1.774 euros per litre, compared to 1.754 euros in October and 1.717 euros in September.

"The incorporation of biofuels was the item that registered the greatest variation (in relative and absolute terms) compared to the previous month", says the report, explaining that, "despite the fact that gasoline prices on the international market have decreased compared to October, the freight value justified an increase in the quotation and freight component (+0.8%) in the national average PVP”.

According to ERSE, "the largest component of the PVP corresponds to taxes, which in November represented approximately 55.2% of the total gasoline bill, followed by quotation and freight (30.1%)".

With regard to diesel, in November, the PVP increased to 1,606 euros per litre (1,582 euros in October and 1,514 euros in September), “mainly motivated by the components of incorporation of biofuels and of costs and margins”.

According to the regulator, “this last item continued to register values ​​in line with those verified in the pre-pandemic period”.

Also in diesel, “the largest share of the PVP paid by the consumer corresponds to the tax component (50.0%), followed by the value of the international quotation and freight (32.8%)”, the bulletin reads.

Hypermarkets continued to present “the most competitive offers” in road fuels, followed by operators in the 'low cost' segment.

In the case of diesel, the hypermarkets presented average prices around 9.5 cents per litre below the national average PVP, while for gasoline this difference was 8.7 cents.